FANTAsy Stocks Are Flailing In Pre-Market
It appears the FANTAsy stocks (Facebook, Amazon, Netflix, Tesla, and Alphabet) are suffering this morning as investors choose not to rush to the safety of triple-digit P/E ratios amid the market's collapse. Tesla is tumbling on burning-car concerns and Netflix is dropping after another downgrade. The rest are all ugly as it seems faith in FANTAsy is failing...
Tesla's current pre-mkt price $230 is below its 200-DMA ($236.81).
- Uptrend since Nov. above ~$225; chart
- Despite proclaiming proudly yesterday that Tesla’s Total Deliveries for 2015 Were 50,580 Globally
Netflix Falls Pre-Market; Baird Cuts on Valuation, Subs Survey
- Netflix drops ~4.1% pre-market after Baird analyst William Power cuts to neutral from outperform, PT to $115 from $128, citing “balanced” risk/reward at current level.
- 4Q U.S. subs survey suggests flattish penetration q/q in the U.S., vs. a normal q/q increase into holidays
- International subs may beat expectations though sees “much of that” as priced in; notes strong recent performance and high sentiment
With everyone all-in on the "Santa Rally" who is left to buy this dip? Apart from the NYFed of course...
(5 votes)
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But, but, but I thought Fantasy fucking land was good!!!!?
Today Kevin and his friends at the PPT will be earning their salaries. The question is can they pull it off? My bet is we see at least one more ramp toward the skies (that doesn't quite make the highs)
Huge gap in the DOW chart between 17,600 and 17,400. I'm sure the PPT will fill that gap by the end of the day on a "miracle" rally that will make it all better again.
"Faith in fantasy??"...Only for the last 7 years!! You friggin tourist, the market is never left to chance. Cramer this morning on CNBS disclosed his ignorance and hypocrasy by calling out China as the great manipulators of everything, especially their markets. What a joke! No nation on earth manipulates their markets (by that I mean EVERY asset class and index their is), like the US does on a daily basis. BTFD! Its a mortal lock - UNLESS, this has become the END OF THE WORLD! In which case there will be no place to hide...What then are the chances??
tesla is a zero imo
Watta a joke....."Mark to FANTasy" stocks and the idiots deseverd to be wiped out that bot this steaming pile of bullshit
Don't underestimate PPT - FED - Old Yeller.
+100. EXACTLY..how quickly people forget. look for the 3:30 ramp. or maybe even right now. TRIN is behaving as if somebody is mopping shit up.
Safety stocks Netflix, Amazon? Please ...
David Stockman did a great write-up of the Amazon fantasy:
http://davidstockmanscontracorner.com/the-next-big-short-jeff-bezos-brobdingnagian-bubble/
Keep an eye on the 2-year and 10-year tresuaries, and the spread.
The two-year is currently nudging above 1.00%; the 10 is hovering around 2.20-2.24. The tighter the spread, the closer the US comes to recession.
When the spread falls below 100 bips, watch out for falling stocks. If I was a huge player (I'm not), I'd be in bonds for most of 2016 because the spread is likely to invert. I'd be buying 10s and flipping them, looking for the 10-year to fall below 2.00, likely to hit 1.75 by June or earlier.
I'm still learning about bonds, but it seems to me that if you can lock in rates at 2.20, 2.15, 2.10, and then turn around and sell them when the yields are 1.9, 1.8, etc., there would be a premium paid. Just a guess.
Sticking to silver in any case, could be a top performer this year, maybe up 40-60%.
since i own none of this market, noda, zero, i can say have a nice fucking day hope you ass is not ripped to bad, ha...
Too bad all of these investors didn't sink their money into gold all of those years ago. Instead of dealing with a devestating 4% pullback on their triple digit gains, they could have enjoyed a slow erosion of 40% of their principle over the past five years. Such fools. Just imagine how difficult it is to trim your paper profit, as opposed to just destroying principle by holding a useless commodity in your actual hand?
:( Looks like someone's got a case of the Mondays.
RED ALERT - RED ALERT: All plunge protectors report to your battlestations. Officer J. Yellin, man the the main turret. THIS IS NOT A DRILL. REPEAT, THIS IS NOT A DRILL.
Fate the Magnificent
"Push the Button, Max"
Not to mention having to go back to acting like an adult after a two weeks off, acting like a child.
Maybe you can convince all of the central banks that they are keeping hundreds of tons of a useless commodity in their vaults and should throw it in the trash. Then they can replace the gold with tulip bulbs
Ah, the iconic GoldBug fallacy. The Gold Bugs distrust everything the government does, because the government is incompetent and inept. Yet when someone discusses why holding gold is such a bad investment strategy, the first thing the GoldBugs do is point to the wisdom of the goverment overlords who stack it.
Given, it's a bit of a straw man here, as Sun Tzu didn't make the point about distrusting government, but I'm not sure if anyone can deny that it's a general ZH theme.
But yes, distrust everything the government does, except when trusting without question what they do works in your favour. Just dont' get any splinters while sitting on both sides of that fence.
:( Looks like someone's boyfriend didn't give him a reach around last night.
Government does what is in its best interest, not yours. If you haven't figured that out then there is no hope for idiots like you. Watch what they do, not what they say.
So why do some governments hold gold?
I guess that makes you an idiot.
Who pays for that gold held by the central banks? The people of the country pay for it, not the central banks.
Like everything government, it's not the "government" that pays. To governments, it's free. So if they are getting something for free, hell, why not? It doesn't cost them anything, and the people believe it's the right thing to do. Belief is a powerful force, exploited by governments for eons.
my stock is real estate and i buy to hold forever or death(hehe). just like gold, i could care less what fiat value is place upon my assets...
Until of course you need to convert that gold into fiat to buy something silly like food or heat or hookers. Then when your gold is worth only 40% of what it was just 5 years ago, as opposed to have tripled in real value if you had invested in something silly like a stock. But yes, I guess if you hold it forever, it doesn't matter to you if it continues to decline in real value, while all other investments go up. A sound investment strategy if I ever heard of one.
Rents are up by any measure, and assuming he owns income producing RE then my guess is he's doing okay versus the alternatives you put forth. Rents are paid in FIAT last time I checked.
Err, right now, PMs are UP.
Duh! Stocks never go down. Case in point, starting at gold's blow off top and stocks' crash. Stocks are the obvious long term investment. Buy today.
From last year? From 5 years ago?
Nope.
bought the AMZN puts on thursday.. that expire this friday. 650 strike. Looking good.
Nice trade.
Chipotle gap down.
The PPT will defend S&P 2,000 at all costs.
My Monday will be complete if they fail.
Very long day ahead but for the moment they failed.
You are looking good, sweetheart.
(I'm long TZA and happy at the moment)
Sticking long FAZ until 1969/1970ish and/or trannies at 7110ish. Bounce could come in between at 1990-2000ish which I project should be a STFR. Sounds crazy but could in fact get a rip your face off rally off 1969/1970ish to above 2100. I'm not cheerleading that just being realistic so would look to close net shorts and at least pause to see if this were to come to play. Couple trading sessions.
survey suggests flattish penetration
survey suggests fetish penetration
there, fixed it for ya...
Who makes Fanta? Now THAT is a company to buy. Delicious pop.
Buy the dip till the dip becomes a black hole.
The Fed is closely monitoring the markets. After three consecutive bubbles that has devastated and destabilized the world economy, the next burting bubble may just be enough to fire-up the masses to demand an end to the most corrupt arm of this government, the Fed. So, as any animal which is in danger of it's own life, will throw more printed trillions to support this market bubble. Count on it.
Sorry ace, but if you think "the masses" have ANY damn thing to do about ending the Fed, you have missed out on a lot of history, and reality.